Investment Opportunity in Rocky Mount Priced 20% Below Market Value

4005 Hampton Dr, Rocky Mount, NC 27803

$186,000 After Repair Value -
$140,000 Asking Price -
$20,000 Cost of Repairs =
$26,000 Potential Profit

Property Details

Asking Price $140,000

After Repair Value $186,000

Costs of Repairs $20,000

Potential Profit $26,000

Living Area 2469 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 2

Half Bathrooms 1

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $1,000

Yearly Expenses $2,861

Property Taxes $1,061

Net Operating Income N/A

Cap Rate N/A

Property Description

Great Cashflow or 1st time home buyer opportunity on the Nash County Side of Rocky Mount in the Century Farms neighborhood.

Spacious 4 bedroom 2.5 bathroom home with formal dining room, nice size kitchen with very good size eat in area, Large Great room with fire place and 3rd floor bonus/rec room where 4th bedroom is also located and can become an office you wanted to.

Large master suite with spacious walk in closet and equally nice size master bath with Jacuzzi tub and separate stand alone shower.

2 more nice sized bedrooms with connecting bathroom and nice size closet space in both bedrooms.

Large front and back yard with attached storage room and well kept shed for lawn tools in back yard.

Property was well kept and can rent for $1,100 -1,200/mth

Comps available to show ARV of property.

Priced to sell quickly at $140K OBO. Make an offer!

Repairs Needed

Basic updating needed if chosen. Paint, Carpet, light fixtures, updated appliances. Deck work on back deck, pressure wash/ paint exterior. Older wooden windows in property that you can insulate or replace and upgrade for energy saving purposes. Repair number is based on completely updating property, which is not needed if looking to rent out.

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